Results 271 to 280 of about 216,288 (309)
Some of the next articles are maybe not open access.
The European Journal of Finance, 1999
Accurate estimation of the equity premium (the expected difference between the returns to a well-diversified stock market portfolio and a riskfree asset) is of central importance in many applications of finance theory including project appraisal and portfolio selection.
M. C. Freeman, I. R. Davidson
openaire +1 more source
Accurate estimation of the equity premium (the expected difference between the returns to a well-diversified stock market portfolio and a riskfree asset) is of central importance in many applications of finance theory including project appraisal and portfolio selection.
M. C. Freeman, I. R. Davidson
openaire +1 more source
2017
On average, equities historically deliver returns that exceed those on safe assets by several percentages every year. Over time and in nearly all developed economies, the equity risk premium is considerable. Yet puzzles persist. Despite that premium, why do so many potential investors avoid holding stocks?
openaire +1 more source
On average, equities historically deliver returns that exceed those on safe assets by several percentages every year. Over time and in nearly all developed economies, the equity risk premium is considerable. Yet puzzles persist. Despite that premium, why do so many potential investors avoid holding stocks?
openaire +1 more source
The Journal of Portfolio Management, 1999
The author argues that the equity premium or the historical spread between expected equity returns and government bond yields is probably far below the approximately 6% figure estimated in much of the finance literature. This, the author contends, is due both to an underestimate of the expected real return on the risk-free asset and an overestimate of ...
openaire +1 more source
The author argues that the equity premium or the historical spread between expected equity returns and government bond yields is probably far below the approximately 6% figure estimated in much of the finance literature. This, the author contends, is due both to an underestimate of the expected real return on the risk-free asset and an overestimate of ...
openaire +1 more source
Demystifying the Equity Premium
The B.E. Journal of Macroeconomics, 2010We provide an explanation for the high equity premium, the low risk free rate, and related puzzles based on a unifying theme: identifying the risks that firms and households really face. Our main explanation for the high equity premium is that there is a small per- sistent component to changes in dividend growth, which makes equity prices very volatile,
openaire +1 more source
Estimating Equity Risk Premiums [PDF]
, 1999 Equity risk premiums are a central component of every risk and return model in finance. Given their importance, it is surprising how haphazard the estimation of equity risk premiums remains in practice. The standard approach to estimating equity risk premiums remains the use of historical returns, with the difference in annual returns on stocks and ...
openaire